About Voice Assistant Application
Voice assistant applications are the software programs that respond to the voice commands of the user to perform various tasks. It can control devices and smart homes. It can find information online, restaurant booking, directions, weather and news, control music etc. Voice assistant applications also can make appointments, send messages and real-time spoken translations. There is a demand for voice assistant speakers globally will attract many vendors to enter the market. On 15th January 2019, the United States based internet radio company Pandora launched a personalized voice assistant on iOS and Android.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Voice Assistant Application market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IBM (United States), Google (United States), Amazon (United States), Microsoft Corporation (United States), Apple (United States), Samsung Group (South Korea), Creative Virtual (United Kingdom), Verbio Technologies (Spain), Oracle (United States) and Orbita (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Baidu (China), Orange S.A. (France), Next IT Corporation (United States), Nuance Communications (United States) and Nokia Networks (Finland).
Segmentation Overview
AMA Research has segmented the market of Global Voice Assistant Application market by , Application (Mobile Applications, Web Applications and Devices) and Region.
On the basis of geography, the market of Voice Assistant Application has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization, the sub-segment i.e. Small and Medium Enterprises will boost the Voice Assistant Application market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud-Based will boost the Voice Assistant Application market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Speech Recognition and Voice Recognition Technologies Being Used In Smart Homes
Market Growth Drivers:
Increased Digitalization Globally, Increased Adoption of Smart Homes and Rising Popularity of Voice Assistants
Challenges:
Low Accuracy in Voice Assistant Applications
Restraints:
Security and Privacy Concerns
Opportunities:
Increasing Demand for Smartphones from Developing Countries and Rise in the Penetration of the Internet
Market Leaders and their expansionary development strategies
On 18th February 2019, Apple has acquired a San Francisco start-up PullString that is focused on the publication and development of AI voice apps for Google Assistant, Amazon’s Alexa and Internet of Things (IoT) hardware.
On 25th September 2018, Apple and Salesforce entered a partnership in which the iPhone maker will help Salesforce build the iPhone maker's features such as its Siri voice assistant deeper into Salesforce's own mobile apps, which are widely used in the sales and marketing industries.
Key Target Audience
Voice Assistant Application Developers, Research Professionals, Emerging Companies, Independent Software Vendors and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.